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bulldzr

05/21/03 7:21 PM

#27429 RE: rmarchma #27423

Thank You Ronnie!! This is what you are good at, in fact very good at...Financial Analysis, straight forward, very exacting. (I thought Colson's grants had a stike price around $10/sh, but I may have dreamed that or picked it up from another reliable poster here)

Ronnie, IMO you may have strayed from your area of expertise just a bit in your previous post when you speculated that (sic)"maybe the proxy vote is not going well for IDCC...yada, yada". In times like these, especially when you seem to have a big bullseye pasted on both sides of your shirt, you would be well advised to stay within your lines of expertise. I doubt IDCC has any "hard" numbers on the proxy vote for several reasons. The proxies aren't sent to IDCC for tabulation anyway, they are handled by an outside contractor...and many shareholder's, myself and my wife included, didn't even get our package until yesterday, and votes can be cast until 1 minute before midnight on the day before the ASM, and of course at the ASM. But everybody makes mistakes, especially me and maybe one or two others here, LOL!

But on these numbers you've just provided, I challenge anybody else here, CPA's, CEO's, CFO's, BSA's, CS's, or Diaper Wetting Dope Slappee's like myself (Thanks again ge_jim) to dispute your numbers. If Ronnie is wrong, and you can prove it, he will gladly admit it I'm sure as he has done on the rare event he missed something in the past.

Also, I agree with teecee that IDCC is well within their rights in today's filing, and from their standpoint well advised to do something to counter the very negative anti-Proxy2 PR...but then that begs the question of why they haven't provided some sort of retaliatory PR to the "silly" accounting accustations put out yesterday, which coupled with Colson's sale has had a far greeater effect on the share price, IMO.

Maybe IDCC is still looking for a replacement for that "bleeding edge" webmaster that somehow allowed last week's anti-Proxy2 PR to get through the email alert system and on the website to begin with. Is this the guy they replaced with the one that couldn't spell? Was he sitting out on that "sunny day" beach too long? LOL!
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Desert dweller

05/21/03 8:34 PM

#27438 RE: rmarchma #27423

Ronny one clarification to your tax calculation. The exercise of the options triggers AMT tax on the difference between FMV & strike price. So lets for arguments sake say that difference is $20 per share multiplied by 50,000 shares would be an AMT tax gain of $1,000,000 at 26% which would be AMT taxes of roughly $260,000 plus the regular state taxes on the actual sales gain. I could be wrong about this but I don't believe so.

As you know I am totally against excessive options which causes the resulting insider sales. I am not against modest insider sales either. The only problem is that we have given way too many options over the years that causes insiders to sell. I am surprised at this point that today we didn't see another Form 4 because these insider sales almost always come in big batches and they slow drip torture us with reporting the sales over several days to a week. Hopefully this will be the only sale until Harry sells his restricted shares on the date of the annual meeting as he has done in the past several years.